Built up area of properties in Mumbai to be reduced!
The present real estate market trend is not showing raise according to the expectations.
To overcome this situation and get a quick inflow, the apartment builders in Mumbai have planned to reduce the built up area for their real estate projects in Mumbai.
The main agenda behind builders having plan of reducing in built up area is that the smaller and cheaper apartments generate quick inflow of revenue.
And this common strategy is accepted by many of the luxurious property builders in Mumbai.
According to real estate experts, the trend to build budget apartments increases when the sales graph is stagnant.
The recent state government apartment rule also stimulate the same swing of constructing more budget apartments.
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Oh god! again property rates will increase hun? Trust me we people staying in rented houses in Mumbai are facing big time burden:( And again to hear this news is turning our situations difficult!